After 2009 restructuring, Fair Value resumes growth

Autor: Adrian Seceleanu 15.11.2010

Fair Value, a company specialising in the integration of SAP software applications for companies, expects to end 2010 with turnover worth 12.5-13m RON (3m euros), up around 70% from last year, amid a rising number of clients and a broader solutions portfolio.

"In the first nine months of this year, the number of clients rose by 30% from a year ago," stated Metodiu Mehmet, general manager and owner of Fair Value, without providing further details.
In late September, the company's revenues reached 8.187m RON, double last year's level, while net income hit 481,000 RON. For the entire 2010, the company projects net income worth 1.2-1.3m RON, almost flat from last year. Fair Value ended 2009 with 23 permanent employees.
Mehmet, who set up the company from scratch in 2005, after having been a marketing and sales manager with Softwin domestic company, says the advance the company has witnessed this year also comes in the wake of the changes the firm underwent last year amid the difficult market situation.